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BUSINESS FOR SALE - PROFILE #  05221626

Latin Restaurant
Southern Connecticut

Asking Price: $125,000   Down Payment: $125,000  
Gross Revenue: $240,000   Adj. Cash Flow*: $8,350  
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Executive Summary
Business is a Latin style restaurant in existence for the past four years at a location formerly an Italian restaurant for many previous years. Located in an attractive brick building and incorporating 3,045 sq. ft. this restaurant has a full separate bar with full liquor license and two separate dining rooms plus a large full kitchen and basement. The physical characteristics are exceptional. Rent is $3,000 per month with lease running to 2024 with options. The sales figures have not been strong during this severe recession but the asking price of $125,000 for the entire set up is easily justified for a professional restauranteur who possesses the necessary skills at a time when the economy is improving.  The seller recommends the buyer specialize in Argentinian, Columbian or Peruvian menus to suit the local market. Most of the existing equipment is included in the purchase price except for a few select furniture items. Food and liquor inventory values are in addition to the purchase price. Seller only manages the business. An owner who was also the chef would be the preferred candidate to purchase the business at the current recessionary sales volume level.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1975 Inventory: $5,000
Employees: 2 FT, 6 PT Furniture, Fixtures & Equipment: $50,000 Included
Lease/Rent: $3,000 Real Estate:
Building Sq Ft: 3,045
    Total Assets Included in Sale: $50,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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